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OBI, German DIY-retailer, launched a project to modernize all hypermarkets in the Russian network. Investments in this project may amount to about €27 million. It is expected that by the end of 2020 all hypermarkets will be rebuilt.

08 December 2017

Kommersant

The building of a large trade center selling construction materials and household goods, OBI, was launched in the city of Dmitrov, in the Moscow region. As Construction.RU was told by the press office of the regional Construction Ministry, LLC Arus had received a permit to build OBI store in the city of Dmitrov. A retail facility with a total area of 9,700 square meters will have a product range of household and building product of a DIY category. Over 300 jobs are expected to be created at the enterprise. A total amount of investments in the project will be 1 billion rubles. At present, OBI operates 25 hypermarkets in Russia. In 2017, its network will be expanded with seven trade outlets more, most of which will be erected in Moscow and Moscow region.

25 May 2017

http://russianconstruction.com/

In the town of Dmitrov, the Moscow Region, OBI, a German network engaged in selling goods for home and construction, started the construction of a new shopping center with a floor area of 9.7 thous. sq. m, as reported by the regional Ministry of Construction. The total investment in the project is 1 billion rubles, according to the press release. The first OBI’s shop has been opened in Germany in 1970. In Russia, the Company operates 25 hypermarkets, according to the report.

24 May 2017

The German home improvement and gardening product company OBI will invest over $300 million expanding its Russian branch over the next three years, OBI Russia CEO Ivan Strickland told Kommersant Thursday.

"In the next three years we are planning to open 18 more stores. This is real," CEO Strickland said.

According to Strickland, OBI is going to open five-six stores a year over the next three years. Twelve new stores will be opened on rental properties, the remaining six will be built from the ground up by OBI.

The cost of one purpose-built OBI retail space is estimated at $24 million to $37 million, whereas the cost of refurbishing a rental property is about $8.5 million, the company representative said.

OBI opened its first two retail stores in Moscow in 2003. There are currently 24 stores in Russia. OBI operates 570 stores in 12 central and eastern European countries.

03 December 2014

Sputnik

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OBI is one of the leading European DIY brands. Currently, the company operates more than 500 stores, thereof more than 330 in Germany and more than 200 in 13 Central and Eastern European countries. OBI stores generate total sales of more than EUR 5 billion, employing more than 38.000 staff.